(30 AUGUST 2018)USD/CAD:The downside prevails.

(30 AUGUST 2018)USD/CAD:The downside prevails.

30 August 2018, 08:42
Jiming Huang
0
63

cad

Pivot (invalidation): 1.2945

Our preference

Short positions below 1.2945 with targets at 1.2880 & 1.2855 in extension.

Alternative scenario

Above 1.2945 look for further upside with 1.2985 & 1.3005 as targets.

Comment

The RSI lacks upward momentum.

(By Swissquote TRADING CENTRAL) 

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